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He was now able, by decree, to replace the existing sales tax with a 15.5% value-added tax, impose a 0.5% tax on banking transactions, reform the bureaucracy and borrow an extra $3.8 billion.
We need to increase tax rates on the very rich, reduce their deductions, have a national sales tax, impose a revenue tax on corporations, impose a luxury tax on high-end cars, paintings, clothes and jewelry, and maintain "entitlements" that are well run, while reducing our debt.
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He ended the tax imposed on non-Muslims.
Corporate income tax, a tax imposed by public authorities on the incomes of corporations.
His changes were rolled back, and a windfall tax imposed on oil and gas production.
The Medicare tax imposes a single rate on all wages, without a threshold.
Yet a withholding tax imposed solely within the EU is unlikely to achieve this.
Progressive tax, tax that imposes a larger burden (relative to resources) on those who are richer; its opposite, a regressive tax, imposes a lesser burden on the wealthy.
Regressive tax, tax that imposes a smaller burden (relative to resources) on those who are wealthier; its opposite, a progressive tax, imposes a larger burden on the wealthy.
Ad valorem tax, any tax imposed on the basis of the monetary value of the taxed item.
Similarly, an export duty, or export tax, is a tax imposed on commodities leaving a customs area.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com